Business / Financial Markets Jun 9, 2015
Sumitomo Mitsui overtakes Morgan Stanley as top yen-bond manager
Sumitomo Mitsui Financial Group Inc. is on track to be the biggest manager of yen-bond sales for the first time, suggesting its 2009 acquisition of Citigroup Inc.'s operations in the business is bearing fruit. Japan's second-largest bank managed ¥963.5 billion ($7.7 billion) in local currency-denominated ...